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Currenc Group's (CURR) Sell (D-) Rating Reaffirmed at Weiss Ratings

Currenc Group logo with Services background

Key Points

  • Weiss Ratings has reiterated a "sell (D-)" rating for Currenc Group (CURR) in a recent research note, indicating continued pessimism regarding the stock's performance.
  • Despite Weiss Ratings' stance, Zacks Research upgraded Currenc Group from a "strong sell" to a "hold" rating, showcasing a mixed outlook among analysts.
  • Currenc Group reported a net loss of ($0.10) EPS for its latest quarter, falling short of analysts' estimates, with revenue of $8.71 million, which also missed expectations of $10.40 million.
  • MarketBeat previews the top five stocks to own by November 1st.

Currenc Group (NASDAQ:CURR - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded Currenc Group from a "strong sell" rating to a "hold" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Currenc Group has an average rating of "Moderate Buy" and an average target price of $3.50.

View Our Latest Stock Report on CURR

Currenc Group Trading Up 0.9%

Shares of NASDAQ CURR traded up $0.02 during mid-day trading on Wednesday, hitting $1.73. The company had a trading volume of 184,947 shares, compared to its average volume of 154,779. The company has a market capitalization of $80.26 million, a PE ratio of -1.63 and a beta of -0.13. The firm has a 50-day simple moving average of $1.67 and a two-hundred day simple moving average of $1.36. Currenc Group has a one year low of $0.33 and a one year high of $7.08.

Currenc Group (NASDAQ:CURR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The company had revenue of $8.71 million during the quarter, compared to analyst estimates of $10.40 million.

Currenc Group Company Profile

(Get Free Report)

Currenc Group, Inc engages in operating a fintech banking platform. It operates through the following segments: Remittance Services, Sales of Airtime, and Other Services. The company is headquartered in Singapore.

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